SBP orders dealers to facilitate IT, ITeS exporters ISLAMABAD: The State Bank of Pakistan has directed authorised dealers to swiftly facilitate IT and ITeS exporters,... Published 31 Jan, 2023 06:01am
Opinion Misplaced mercantilism and the case for domestic markets We are being told that the economy of Pakistan is in absolute free fall. Allegedly, the dominos of economic doom are... Updated 25 Jan, 2023 06:46am
Pakistan Passenger held for carrying excessive foreign currency KARACHI: The Customs officials on Monday recovered substantial quantity of foreign currency from a passenger,... Published 24 Jan, 2023 06:06am
Opinion FDI: disastrous policies This writer has been writing following in response to the news that the Government of Pakistan is considering... Published 11 Jan, 2023 06:33am
Opinion How to deal with Pakistan’s forthcoming currency crisis “There are no solutions. There are only trade-offs.” ? Thomas Sowell Nomura has warned that Pakistan faces currency... Published 07 Jan, 2023 06:00am
Pakistan Customs foils bid to smuggle foreign currency KARACHI: The Collectorate of Customs, Karachi airport, on Monday foiled an attempt to smuggle a substantial amount ... Published 20 Dec, 2022 05:58am
Business & Finance BMP exhorts authorities to stop cross-border currency movement LAHORE: Expressing dissatisfaction over dollar availability for import of raw material the Federation of Pakistan... Published 19 Dec, 2022 06:00am
Markets SBP-held foreign exchange reserves fall another $15mn, now stand at $6.7bn Reserves at their lowest level since January 2019 Published 15 Dec, 2022 07:42pm
Business & Finance Baggage Rules revised: FBR fixes forex limit for outgoing passengers of 18 years or above ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday fixed a maximum limit of $5,000 (per visit) and $30,000... Published 14 Dec, 2022 05:57am
Pakistan Customs foils currency smuggling attempts PESHAWAR: On specific directions of the special advisor to PM, Tariq Pasha and Chairman/ Member Customs (ops), FBR... Published 21 Nov, 2022 05:59am
Markets What do SBP’s forex control measures mean for travelers The State Bank of Pakistan (SBP) on Tuesday revised a number of measures to curtail the outflow of foreign currency... Published 09 Nov, 2022 07:58pm
Print Import of coal: CPHGC approaches PMO for approval of foreign exchange ISLAMABAD: M/s China Power Hub Generation Company (Private) Limited (CPHGC) has approached Prime Minister Office... Published 02 Nov, 2022 04:37am
Markets Ethiopia restricts banks from issuing foreign currency ADDIS ABABA: Ethiopia has ordered banks to deny foreign currency to businesses importing non-priority goods, in an... Published 15 Oct, 2022 06:22pm
Business & Finance Volatile rouble gives up huge gains MOSCOW: The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the... Published 03 Oct, 2022 05:52am
Markets Russian stocks sink, rouble slips vs dollar MOSCOW: The risk of further Western sanctions sent Russian stocks plunging on Monday to their lowest since Feb. 24,... Published 27 Sep, 2022 04:06am
Print Incoming international passengers: Declaration of $10,000 or above forex made mandatory ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a new restriction on the incoming international passengers... Updated 21 Sep, 2022 09:47am
Markets PKR: A woeful week KARACHI: The rupee had a woeful previous week, losing value in all five sessions for a cumulative fall of over 4% to... Published 12 Sep, 2022 06:01am
Editorials PKR: woeful decline EDITORIAL: The gap between the currency markets — the interbank and the open market — is widening on a daily... Published 09 Sep, 2022 06:09am
Opinion Economy: no light at the end of the tunnel In my personal view a primary problem with regard to Pakistan’s economy is that there is a lack of complete and... Published 07 Sep, 2022 04:13am
Business & Finance Sri Lanka widens import ban as economic crisis persists COLOMBO: Sri Lanka tightened import restrictions Wednesday with a ban on more than 300 additional items, as an... Published 25 Aug, 2022 06:08am
Business & Finance Cuba allows foreign investment for first time in 60 years HAVANA: The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade... Updated 18 Aug, 2022 09:28am
Opinion Exchange rate volatility and exports The exchange rate is a crucial component of trade and a dynamic macroeconomic determinant. The trade balance is... Published 03 Aug, 2022 05:50am
Print Country on the brink of collapse: APTMA KARACHI: Pakistan is currently on the brink of economic collapse. With depleting foreign currency reserves, rising... Updated 30 Jul, 2022 09:43am
Business & Finance Russian rouble recovers past 61 vs dollar after sharp slide MOSCOW: The Russian rouble strengthened on Friday, heading back past the 61 mark against the dollar and recovering... Published 09 Jul, 2022 03:57am
Opinion ‘Effective’ energy allocation for export growth Pakistan’s immense economic potential will remain elusive as long as the most productive sectors that enable... Published 07 Jul, 2022 05:35am
Markets Delay in Forex payment: PMLTC seeks help of Chinese embassy ISLAMABAD: M/s Pak Matiari-Lahore Transmission Company (Private) Limited (PMLTC) has approached the Chinese embassy... Published 28 Jun, 2022 06:10am
Print Russia, rejecting default, tells investors to go to western financial agents MOSCOW: Russia rejected claims on Monday that is had defaulted on its external debt for the first time in more than ... Updated 28 Jun, 2022 09:36am
Markets Critical level: SBP-held foreign exchange reserves plummet to $8.24bn Massive decrease of $748mn occurs on a weekly basis SBP says reserves expected to increase in coming days on realisation of proceeds of CDB loan Published 23 Jun, 2022 07:34pm
Opinion We need to conserve energy That there is a need for conserving energy is a fact, which cannot be overemphasised in view of a variety of highly... Published 22 Jun, 2022 05:58am
Pakistan ‘Storm in a teacup’ as minister urges people to cut back on ‘chai’ ISLAMABAD: A minister has caused a storm in a teacup by urging citizens to cut back on drinking “chai” as a way... Published 16 Jun, 2022 08:31am